Lottomatica Group has achieved a record 30% share of the Italian online gambling market, marking a significant milestone.
In its Q3 trading update, the Milan Borsa-listed company set ambitious targets for the year, aiming for revenues of €2 billion and an adjusted EBITDA between €700 million and €730 million. As of year-to-date, Lottomatica has generated €1.42 billion in revenue, reflecting a 19% growth compared to the €1.2 billion recorded in the same period in 2023.
Since integrating SKS365 in May, Lottomatica has reached a peak betting volume of €27.7 billion, with approximately 62% (€17.1 billion) sourced from online activities. Online segment revenue totaled €543 million, showcasing a 52% year-over-year growth at normalized payout, and driving the company’s online market share to approximately 30%.
Lottomatica reported an adjusted EBITDA of €483 million for the period, representing a 25% year-over-year increase, alongside an adjusted net profit of €160 million for the first nine months of 2024.
Net financial debt for the group is €1.9 billion, equivalent to 2.6 times the adjusted EBITDA over the past twelve months.
The integration with SKS365 has surpassed initial projections, prompting management to raise synergy targets from €65 million to €75 million, with around half of these synergies already realized.
Lottomatica’s market share in the iSports sector reached 31.5%, an increase of 1.5 percentage points from the previous year, while its share in the Italian iGaming market rose to 29.7%, also a year-over-year gain of 1.5 percentage points.
With strong online revenue growth and a successful SKS365 integration, Lottomatica is solidifying its position as a leading force in Italy’s regulated gaming sector, positioning itself for continued expansion and increased market share in the upcoming fiscal year.
Guglielmo Angelozzi, CEO of Lottomatica Group, commented: “We are very pleased with the progress achieved so far this year. Our business has delivered double-digit growth, and in Q3, our online market share reached a new high across all segments. The integration with SKS is advancing swiftly, and we have increased our expected synergies.”